7 richest cities in world in 2024

Richest cities

In terms of the count of resident millionaires having liquid investable wealth of $1 million or more, the United States takes the lead, with 11 cities featured in the Top 50. Take a look at the 7 richest cities in world in 2024.

New York

The The combined wealth of New York Citys residents has surpassed $3 trillion, surpassing the total wealth held in many major G20 countries.

The Bay Area

Close behind in second place is the Bay Area of Northern California, which includes San Francisco and Silicon Valley. Currently, the region is home to 305,700 millionaires, 675 centi-millionaires, and 68 billionaires.

Tokyo

Tokyo, once the frontrunner as the worlds wealthiest city a decade ago, has experienced a 5% decrease in its population of high-net-worth individuals over the past ten years. Presently, it holds the third position with just 298,300 millionaires, 267 centi-millionaires and 14 billionaires.

Singapore

Singapore is also a top destination for migrating millionaires. In 2023 alone, approximately 3,400 high-net-worth individuals relocated there. Presently, the city boasts 244,800 resident millionaires, 336 centi-millionaires, and 30 billionaires.

London

London continues its descent in the rankings and currently holds the 5th position. It is home to just 227,000 millionaires, 370 centi-millionaires, and 35 billionaires, marking a decline of 10% over the past decade.

Los Angeles

Los Angeles, with its 212,100 millionaires, 496 centi-millionaires, and 43 billionaires, has surged two positions over the span of 10 years to claim the 6th spot.

Paris

Paris is mainland Europes wealthiest city! It has maintained its 7th position in the top 10 wealthiest cities ranking, with 165,000 resident millionaires. It has 286 centi-millionaires and 23 billionaires.